Monthly payments

[Chico999]

Is it possible to pay a mass amount for your deposit and lower the monthly payments to near nothing?

[Baz]

don't think so, could you not just borrow the bit extra you need to pay it in full from your parents and pay them back monthly?

[Chico999]

lol i wish!
na nae chance like. Im sure i heard this was possible tho.
Hope it can be done! al phone them 2nite.

[alextoffie]

Best bet is phoning them mate, they get more of the money sooner so i suppose its not bad from their point of view but they might put the interest up to make more profit on the monthly payments...

[vidal]

Of course it is.


It just means that the amount you borrow is less. I assume this is on a new loan rather than an existing one?

V.

[jonezy]

theres nothing they can do to stop you, im sure its something to do with finanial law which stops them forcing the amount you borrow, so you can give a bigger deposit to lower monthly payments yes

[Chico999]

Sorry, i must have forgotten to mention that i mean car insurance installments!
:oops:

[devilsadvocate]

Well i oayed a 70% depost when i was with ASDA to lower monthly payments. Would imagine they are all the same tbh